The Recession of 2007-2009 and Its Aftermath Had Different Effects

question 77

Multiple Choice

The recession of 2007-2009 and its aftermath had different effects on various sectors of the economy.In August 2011,the overall unemployment rate in the United States was 9.1 percent.Which of the following sectors of the U.S.economy had a much lower unemployment rate than 9.1 percent in August 2011?

• A) education and health services
• B) leisure and hospitality
• C) construction
• D) professional and business services

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Definitions:

Specified Exercise Price

The predetermined price per share at which the holder of an option can buy (call option) or sell (put option) the underlying security.

Specified Expiration Date

The predetermined date on which an options or futures contract expires, determining the last day it can be exercised or traded.

Bond Equivalent Yield

is a calculation for converting the yield on a short-term, discount-based security into an annual yield that is comparable to those of bonds, to facilitate comparison among various securities.

Bank Discount Quote

A method of quoting the price of a short-term money market instrument, like a Treasury bill, as a discount from its face value, not taking into account compound interest.